Cyclical Unemployment Exists When

question 369

Multiple Choice

Cyclical unemployment exists when

• A) frictional and structural unemployment is zero.
• B) real GDP is less than potential GDP.
• C) real national income exceeds potential income.
• D) real GDP exceeds potential GDP.

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Definitions:

Indigenous Languages

The first languages used by the original inhabitants of a region, which are part of their cultural heritage.

Colonialism

The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.

Paralanguage

The aspect of spoken communication that is not verbal, including tone, pitch, volume, and speed of speaking, which can affect the message's meaning.

Illiterate People

Individuals who are unable to read or write.